Missouri State Nursing Home Administrator Practice Exam

What is the maximum amount of petty cash allowed for each resident?

1. $25

2. $50

3. $75

4. $100

The correct answer is: $50

The maximum amount of petty cash allowed for each resident is set at $50. This amount is established to help ensure that residents have access to small sums of money for personal purchases or needs while balancing the importance of financial oversight in a nursing home setting. By limiting the petty cash to this amount, facilities can effectively manage funds, reduce the risk of misappropriation, and maintain a clear accounting of personal finances for each resident. This policy also supports the residents' autonomy and dignity, allowing them some financial freedom without compromising safety and security within the facility. A higher limit might lead to complications in tracking and managing these funds, which is why the specified amount is an important regulation.